2007, Volume 9, Issue 12
Strategic Study of CAE >> 2007, Volume 9, Issue 12
Application of Valuation Networks in Making the Decision to Build a Reactor for Electric Power Company
1. School of Economics and Management, Nanjing University of Science and Technology, Nanjing 210094, China;
2. Yongxin Electronic Company Ltd., Nanjing 211178, China
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Abstract
How to use experience and test result to make the best choice is a decision problem for a electric power company when deciding to build a reactor, and valuation networks is a new method for representing and solving Bayesian decision problems. This article used Valuation Networks to analyze the reactor problem of a given company, which valuation network representing and solving process is demonstrated in detail.
Keywords
decision theory ; valuation networks ; influence diagrams ; Bayesian decision
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